Jan 272013
 

Banc de Binary Brokers website image

BANC DE BINARY OFFICIAL STATEMENT REGARDING CFTC

Banc De Binary has announced that as of January 25 2013 it is in talks with the CFTC
in order to obtain regulation for its operation as a binary options exchange in the
United States. The New York headquartered company currently provides an online
binary options platform where investors can trade on the direction of over 200
assets.

The CFTC approached Banc De Binary after the company became the first EU regulated
binary options brokerage (CySEC license 188/13). In accordance with CFTC
requirements, Banc De Binary will not be accepting new US clients during the course
of negotiations. Customers from abroad and existing US customers will still retain
full access to all company services.

Since its founding in 2009, Banc De Binary has complied with all federal and state
laws regarding banking and compliance procedures. However specific regulation for
binary option trading has not previously existed. The company has long voiced its
desire for industry regulation so as to better protect traders, and has said that it
would comply with all applicable procedures.

The introduction of regulation in the EU, and now in the US, legitimizes binary
options as a financial instrument in their own right and adds credibility to this
relatively new and quickly growing industry. The acquiring of a license is
recognized as the guarantee of a firm’s professional standards and financial
security for clients.

Banc De Binary made the decision to begin operating only in regulated countries in
order to continue leading the binary options market and convert binary options into
a viable financial product in the banking world. It looks forward to working with
regulators worldwide in its commitment to providing a quality investment service to
all clients.

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